Lothar Lanz has been designated as the new executive chairman of Zalando at the company's annual meeting on May 31. The former manager of ProSieben and Axel Springer will also sit on the supervisory board of Kinnevik, the company's largest shareholder with a stake of nearly 32 percent. A member of Kinnevik's board, Tom Boardman, will become its new chairman, replacing Cristina Stenbeck, who will also resign from Zalando's board to concentrate on strategic planning.